Out With The Old, And In With The New

Hey Everyone! Hope you are all doing well! As things are ramping up with all the deliverables for the term, I thought I would deliver to you an update on how finances are going (super exciting, right?):

RidgidWare

As of now, RidgidWare officially has Square! The new Point of Sale system is now up and running in RidgidWare and things are getting exciting! Along with all the new inventory that we are getting, now keeping track of inventory will be made so much easier. Also, credit cards will now be accepted in RidgidWare, thus giving students another option for payment. RidgidWare as a whole has been on a roll this term, and will only get better moving forward. Definitely keep an eye out for any updates with regards to RidgidWare!

Novelties

As the title of this article states, out with the old, and in with the new! A big focus this term has been increasing sales in Novelties, and I would like to think it’s been pretty successful! We have managed to sell out of a lot of our swag, and now with increased funds for Novelties, more new items can be pursued. It will be a big focus of mine moving forward, and with collaboration with B-Society over the summer, I believe that we should be able to get Novelties into great shape by the end of the year!

There will be a Fire Sale on Tuesday, March 29th to sell more of our swag before the term is over so that we can start from scratch! More will be sent out on that soon!

Student Deals

So now that our deal with Baba Chicken Grill has been confirmed, we are currently in talks with other potential sources of student deals! EngSoc has been in talks with a recent Waterloo startup company that has reached out to us about a potential deal; since no words have come about what the deal may entail, more information will be given once an agreement has been made. Furthermore, places like Pita Factory, Shawarma Plus, and Burrito Boyz have expressed interest in a deal, so we are currently in talks with them about it. More to come in my final IW article at the end of term!

Budget

As the term is wrapping up, the term’s budget seems to be in a good state. I am expecting us to reach our approximate budgeted net total, which is fantastic! Things will be finalized once all events are over and once all expenses have been paid for, but things are looking good!

That is all for now, but do come visit me in the orifice during my office hours (Wednesdays 12:30pm  – 2:30pm), or shoot me an message at vpfinance.a@engsoc.uwaterloo.ca if you have any questions, comments, or concerns about anything under my portfolio, EngSoc as a whole. or if you just want to chat. Stay Awesome Waterloo!